BP Community, I’m reaching out because my 13-year-old son has developed a huge interest in real estate, and I’m not sure how to guide him. 

Here are key factors to consider when searching for a reliable broker.A good private money broker plays a pivotal role in facilitating real estate investments, serving as a bridge between investors seeking capital and private lenders willing to finance those investments.

Networking in various real estate associations to develop DEEP relationships is part of this program.2.

The length of time you're carrying debt is a factor to consider. 

I would assume that you'd just simply sell each individual lot to the developer at a set lot price such that your cost to purchase the raw land and improve it to buildable lots was worth the proposed profit per lot.  

There are a multitude of factors that come into play such as the type of property and its location, and the structure of your investment portfolio.

Of course, if you do flip it you'll want to put in nicer finishes so that would increase your rehab costs and that needs to be factored in as well. 

From my understanding, the IDR plan will factor in my income and family size, making it more affordable. 

@Jordan Sachs This is 100% a state law issue... developed through court cases over time.

It is important to look for locations with strong economic growth, rising demand for housing, employment, vacation and infrastructure developments, as well as properties that offer the potential for value appreciation or steady cash flow.